Shan Xi Hua Yang Group New EnergyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shan Xi Hua Yang Group New EnergyLtd has a total shareholder equity of CN¥34.3B and total debt of CN¥19.8B, which brings its debt-to-equity ratio to 57.6%. Its total assets and total liabilities are CN¥74.1B and CN¥39.8B respectively. Shan Xi Hua Yang Group New EnergyLtd's EBIT is CN¥5.5B making its interest coverage ratio 15.1. It has cash and short-term investments of CN¥16.0B.
Key information
57.6%
Debt to equity ratio
CN¥19.78b
Debt
| Interest coverage ratio | 15.1x |
| Cash | CN¥15.97b |
| Equity | CN¥34.32b |
| Total liabilities | CN¥39.75b |
| Total assets | CN¥74.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600348's short term assets (CN¥19.8B) do not cover its short term liabilities (CN¥24.1B).
Long Term Liabilities: 600348's short term assets (CN¥19.8B) exceed its long term liabilities (CN¥15.7B).
Debt to Equity History and Analysis
Debt Level: 600348's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: 600348's debt to equity ratio has increased from 34.5% to 57.6% over the past 5 years.
Debt Coverage: 600348's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 600348's interest payments on its debt are well covered by EBIT (15.1x coverage).